Centrus Energy (US:LEU)2025-06-26 08:23Company Overview and Financial Performance - Centrus's market capitalization is $1 billion[19] - The company's 2024 revenue was $442 million[19], with a net income of $73.2 million[19] - The LEU segment accounts for 79% of the 2024 revenue, while the Technical Solutions segment contributes 21%[21] Market Position and Opportunities - Centrus has a significant LEU segment backlog of approximately $2.8 billion, contributing to a total backlog of $3.8 billion extending to 2040[18, 52] - The company estimates a total addressable market (TAM) for HALEU of $6.2 billion per year by 2035[31, 45] - The LEU market opportunity is estimated at $2.4 billion per year for global utilities and $1.9 billion per year for U S reactors[45] HALEU Production and Government Contracts - Centrus has delivered approximately 670 kilograms of HALEU to the Department of Energy as of March 2025[18, 43, 62] - The company won a HALEU Operations Contract with the DOE, potentially worth up to $1.1 billion over 11 years if all options are exercised[64] Impact of Russian Uranium Imports Ban - U S utilities purchased approximately 3.9 million SWU of Russian-origin in 2023, representing 24% of U S demand[38, 39, 68] - The Prohibiting Russian Uranium Imports Act effectively eliminates Russia as a competitor for enriched uranium in the U S post-2027 and released $2.7 billion in funding to promote domestic uranium enrichment[68]